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Natural Gas Futures - Aug 24 (NGc2)

CME
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in USD
Disclaimer
2.654
+0.007(+0.26%)
Closed

Natural Gas Futures Discussions

Can it be 1.8?
Main purpose for MM is to trap retailers that don’t have enagh margin to cover the high leverage !! Stay away from platform not alliwing you to trade without leverage or , by the case , with low leverage !!
Tonight will stay at window , by the case might start shoting if above 2.72 $ snd opening long only below 2.53 $ !!
Based on the 18z run of the GFS ENS computer model, for the 4 natural gas storage weeks from May 25 to June 21, Natural Gas-Weighted Degree Days (GWDDs)--a composite of heating & cooling degree days and population distribution patterns that estimates the contribution of temperature to natural gas demand--will total 266 GWDDs, 19% above the historical average of 223 GWDDs suggesting that temperature-driven natural gas demand will be elevated relative to seasonal averages. Compared to the computer model run from 6 hours ago, forecast GWDDs have fallen -33 GWDDs or -10.9%.
what would be the impact on NG opening tomorrow..kindly elaborate John
In Central EU including southern France and Northern Italy temperatures are well below everage , zero CDD till now in EU !!
next tg 480-420-330
leave these brainwashed gamblers...in Billy we trust...opening 520 and lower...gap down...and down she goes
German Natty, I am having trouble getting posts to stay up. ).35% was from before the market ended on Friday and after the normal session closed.
Already up 0.35%. Gap up is predominated with prejudice.
where do those 0.35% come from? which stock exchange is open now? it should start in 4 hours only.
Before Friday night close in USA.
URGENT - WEATHER MESSAGE National Weather Service Phoenix AZ 140 AM MST Sun Jun 2 2024 EXCESSIVE HEAT WATCH IN EFFECT FROM WEDNESDAY MORNING THROUGH THURSDAY EVENING... * WHAT...Dangerously hot conditions possible. Afternoon temperatures 105 to 112. Major Heat Risk. Overexposure can cause heat cramps and heat exhaustion to develop and, without intervention, can lead to heat stroke. * WHERE...A portion of south central Arizona, including the Phoenix Metro area. * WHEN...From Wednesday morning through Thursday evening.
And only the beginning of June John.
And only the beginning of June!
Last week shorted 2.80 but closed a bit early, then went long at 2.6, hope i was not early again 😂
so what sentiment do we have going in to next week folks?
chart seems in favor of bulls, weather mildly in favor of bulls, hurricane land impact area could be the deciding factor so lots of volatility awaiting next week
what about tomorrow opening ..gap up possible or not
yes it will be a flat to gap up opening tomorrow
opec meeting results?
check wti forum.
if tomorrow gap up 10% up next week if gap down limited to less than 5% down . risk and reward gos in favour of Bulls
linkage OPEC meet vis a vis NG?!?
Americans don't like it when they get all sweaty between their obese fat-rolls. US air conditioners will be on max setting this summer. The new weight loss drugs might spell doom for NG though. Maybe a good time to pivot to pharmaceuticals.
Get a life!
Yes, we have plenty.
This has been the quietest weekend I have seen in a long time. I hope everyone is enjoying the above average temperatures outside fishing, swimming and aerobating.
Yes, Celcius is still saying another 72 bcf less storage for the next 4 weeks thus reducing the oversupply. Fridays close was bullish so a small gap up most likely.
I hope at least 4 to 5 percent gap should be there on Monday opening
ya - i don't get it. power burn is higher and so is green power, same YOY gas inputs including imports from Canada. Weather doesn't look hotter / than cooler.
John, I just looked up the may. June avg. temps for Trenton, NJ and the 10 day is above not below that range.
Texas , Arizona and California CDDs above everage will in the eastern USA CDDs will be much below everage , as well as in the northern tier some HDDs might increase !!
Temperatures are very different , the west and the southern tier very hot above normal but midwest , ohio valley , mid atlantic and northern east much below normal !! Price will pump and dump daytime many times next 10 days !!
yes John as the same is being done almost everyday..pump and immediate dump
Big volatility next week !! Range from 2.477 $ to 2.76 $ !! Shall sell the spike and buy the deep !!
Carefull in buying the spikes !! Wait the high above 2.72 $ to start opening shorts !! If you wanna scalp wait moment in witch will be clear the dayli trend movement !!
we are entering in bullish zone if we trust the indicators.
Short Range Forecast Discussion NWS Weather Prediction Center College Park MD 325 AM EDT Sun Jun 02 2024 Valid 12Z Sun Jun 02 2024 - 12Z Tue Jun 04 2024 ...Excessive Rainfall and Severe Thunderstorms possible over portions of the Great Plains and Mississippi Valley... ...Heavy to Excessive Rainfall possible across parts of the Northwest through Monday... ...Increasing Excessive Heat threat over parts of California, Nevada and Arizona...
what would be the impact on NG price ?? kindly advice
Heat waves across the globe have stirred the Power Demand (For Air Conditioning and other utilities) which is very positive for Natural Gas. Based on my opinion hotter than expected weather is bullish for Natural Gas.
Forcast turned cooler on Saturday especially in the east where most of the US population is located
In that case Natural Gas will be used for heating purposes. its a win win situation
Wrong, Check the averages before you post
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